Roger's 1997 Short Picks Message Board

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Strategies & Market Trends : Roger's 1997 Short Picks

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To: S Shaw who wrote (8355)	12/15/1997 11:25:00 AM
From: Bill Wexler	Read Replies (2) of 9285

I'd like to field that question if you don't mind.... Avant! will definitely post a net loss after charges (including massive legal expenses), revenues will be flat to down, and earnings will be down (possibly negative). Avant's customers have been fleeing in droves. They are losing every civil court battle (see news items regarding recent judgemnets) and the criminal case looks like its in the bag...unless Gerald Hsu changes his name to O.J. Simpson. My price target is under 10, but I think I'm going to hang on to this one. There's a real possibility that the stock may stop trading. I still think it's a spectacular shorting opportunity in the teens.

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